(b) As used in this section, 'multi-peril crop insurance' means insurance that is:(1) used in the event of weather related disasters or insect infestations during the growing season; and(2) guaranteed by the Federal Crop Insurance Corporation.(c) To sell multi-peril crop insurance or crop hail insurance, a person must be licensed under this chapter.(d) If, after a person is licensed under this chapter as an insurance producer, the person wants to limit the person's insurance business solely to the sale of:(1) multi-peril crop insurance;(2) crop hail insurance; or(3) multi-peril crop insurance and crop hail insurance;the person may request the commissioner to issue to the person a limited lines producer's license under this chapter.(e) If the commissioner:(1) receives a request from a person under subsection (d); and(2) the person shows proof of having completed ten (10) hours of continuing education credit approved by the department;the commissioner shall issue a limited lines producer's license to the person, subject to the shows proof of having completed ten (10) hours of continuing education credit approved by the department;the commissioner shall issue a limited lines producer's license to the person, subject to the provisions of this chapter relating to limited lines producer's licenses.(f) A person issued a limited lines producer's license under subsection (e) may sell only:(1) multi-peril crop insurance;(2) crop hail insurance; or(3) multi-peril crop insurance and crop hail insurance.As added by P.L.132-2001, SEC.3.
Indiana Legal Code